Ørsted records $77 M impairment on Revolution Wind
Ørsted faces lasting financial effects from the federal stop work order, but the company says construction and delivery remain on schedule.
Ørsted faces lasting financial effects from the federal stop work order, but the company says construction and delivery remain on schedule.
An $8 B (£6.1 B) contribution is expected through investment, jobs, and skills over the project lifetime.
The EIB has signed a €500 million ($574.6 million) green loan with Iberdrola to finance the construction of the Windanker offshore wind farm in the German Baltic Sea.
Larsen & Toubro will deliver converter stations supporting North Sea renewable expansion across Dutch and German grids.
The milestone marks visible progress for Poland’s largest offshore wind project.
With Hollandse Kust (west Beta) completed five months early, TenneT finalises seven 700 MW grid links, adding 6.1 GW of offshore capacity to the Dutch grid.
Hitachi Energy will continue with a new partner on six 2 GW connections under TenneT’s North Sea offshore grid programme.
Aibel completes the second HVDC converter platform for Ørsted’s 2.9 GW Hornsea 3 offshore wind farm, the world’s largest single-site project.
Safelift Offshore secures $5.3 M deal to design and supply lifting equipment for TenneT’s offshore wind platforms.
UTEC will deliver structural monitoring systems for the 1.5 GW offshore wind farm off Poland’s coast, integrating real-time data into its NX2 platform.
Eiffage, via Smulders, will deliver three offshore substations worth over $1.7 B (€1.5 B) for French offshore wind projects totalling more than 2 GW.
Dutch grid operator TenneT agrees with APG, GIC and NBIM on equity investment to fund Germany’s high-voltage network expansion worth $46 B (€40 B).
Teh government launches national maritime plan to map sites for offshore wind, supporting its target of 20 GW capacity by 2040.
Developers face Trump administration opposition as billions in US offshore wind projects and future licences hang in the balance.
Planned for 96 turbines and four substations, the project will begin construction in 2026/27 and is expected online by 2030.
White House order stops Ørsted’s nearly finished offshore wind project, putting 2,500 jobs and power for 350,000 homes at risk.
Felix Henseler will lead technology and operations as Nielsen prepares retirement after six years in the role.
BENLC’s offshore wind project clears NGCP’s grid study, marking a major milestone in connecting 2 GW of clean energy to the Philippine power system.
Three 500 MW floating offshore wind farms planned under a $12.8 B (€11 B) scheme will boost France’s renewables and diversify wind technology supply chains.
OWGP’s new support programme offers up to $660,000 (£500,000) per company to help UK offshore wind suppliers expand facilities, generate jobs and meet 2030 targets.
Trump administration reconsiders wind energy priorities, aiming to scale back offshore leasing and reassess land use for onshore wind development.
Hitachi Energy has provided its 69 kV HiDry dry-type transformers to an offshore wind power project built by China Huaneng Group.
TenneT invested $6.4 B (€5.5 B) and launched initiatives to accelerate grid expansion and optimise grid use in H1-2025.
Masdar and Iberdrola have reached two milestones with a co-investment in the East Anglia THREE offshore wind farm and the full energization of the Baltic Eagle project in Germany.